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Sunset Cove Mining – Silver Exploration in Peru

Sunset Cove Mining

Overview

Sunset Cove Mining Inc. (TSXV:SSM) is a junior mineral exploration and development company dedicated to creating shareholder value through exploration and development of precious metals and copper in mineral-rich Peru. The company’s strategic plan is to develop its mineral properties to the point where they become attractive acquisitions or joint venture targets for major mining interests. Headquartered in Toronto, Ontario with a subsidiary office in Montreal, the company also has a wholly owned Peruvian subsidiary, Minera Sunset Del Peru S.A.C based in Lima.

Its flagship property is the Carolay Silver Polymetallic Property where advanced exploration drilling is taking place during 2012. The mineralization found on the Carolay property and the adjacent Marañon sector ts into the model of polymetallic veins and is similar to that found in the highly prospective Coeur D’Alene Silver District in Idaho, which historically has produced more silver than any other Silver District in the U.S.

Investment Highlights

  • Mineralization found on the Carolay property fits in the polymetallic vein model similar to the highly prospective Coeur D’Alene Silver district in the US
  • Carolay Property located in prolific Pataz A Mining Belt
  • Also operating in the Pataz A Mining belt: Barrick, Newmont, Andean American Mining, Buenaventura
  • Peru is one of the 10 best mining jurisdictions in the world

Key Project

Carolay

The Carolay property is a polymetalic epithermal/mesothermal mineral property with the added possibility of also supporting economic copper porphyry mineralization within the company’s claims. The 20,000  hectare Carolay property is located approximately 550 km northwest of Lima, Peru, near the small village of Ushnobal, in Sitabamba District, Santiago de Chuco Province, la Libertad Department, northwest Peru. Access is by mix of gravel and paved roads and all necessary infrastructure requirements are close at hand.

Over the past 100 years, more than 16 underground deposits, distributed over the Pataz, Parcoy and Buldibuyo districts, produced 6M oz gold.

On the Carolay Property, the small silver and polymetallic veins represent epithermal polymetallic veins of base metals: lead (Pb), zinc (Zn), gold (Au), silver (Ag) and copper (Cu). This mineralized structure was never drilled along its extensions and exhibits potential.

Near Huayobal, copper minerals occur as disseminations and veinlets in small stockworks and are abundant at surface. Sulphide mineralization is often a precursor to precious metals also being present.

The technical evaluation report by the mining consultant Geologica Groupe-Conseil Inc. recognized the following three types of mineralizations:

  • Vein-type and mantos containing polymetallic (Pb, Zn, Cu, Ag, Au) mineralizations (269 grams/tonne Ag, 0.82% Pb, 0.87% Zn, 0.33% Cu)
  • Epithermal vein-type containing precious metals (Au, Ag)
  • Porphyry copper type with dissemination, veins and veinlet networks of copper minerals associated with altered and fractured differentiated intrusions of felsic mafic composition

In October 2012, Sunset Cove announced the completion of the surface channel sampling in the Lindsay structure. The Lindsay structure contains veinlets that have northwest, northeast and north-south directions with silver, zinc and copper values as well as anomalous gold values (highest value of 1.99 g/t) in the quartz veinlets. Increased gold values correlate directly with high levels of arsenic in the veinlets. Highlights include several channels with potentially economic grades of silver with up to 259.2 grams per tonne (g/t) silver (Ag) across 3.07 meters including 0.40 meters of 1308 g/t Ag and 135.1 g/t Ag across 1.42 meters in two separate trenches.

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Summary

Sunset Cove Mining is a TSX Venture exchange listed Canadian mineral exploration company whose chief assets is the 20,000 hectare Carolay Property in Peru. It is focused on developing properties to the point where they become attractive acquisition or joint ventures targets. Sunset has a capable and proven management team that have a history of creating shareholder value through a tested, realistic economic model.

Management

Lorne Woods – President and Chief Executive Officer
Lorne Woods is a successful businessman with over twenty years of experience in owning and operating private and public companies; additionally he has over twenty years of experience in corporate communications. For the last fifteen years he has worked exclusively in the financing and mining industries.

Prior to co-founding Sunset Cove in 2009 with Marc Blais, Woods, through his position as Vice President Investor Relations of Blue Note Mining, was instrumental in raising C$140 million to fund the company’s expansion. Woods’ proven success is based on his ability to formulate, communicate and execute concrete corporate development programs that are based on concrete economic realities. Thanks to his background in investor relations he has an established network to drive corporate development and fund raising.

Marc Blais – Chief Operating Officer
Marc Blais is a CGA with more than twenty years of financing and management experience in the North and South American mining industries; the majority of which have been spent with publicly traded companies. In 2009 he co-founded Sunset Cove with Lorne Woods, and as Chief Operating Officer, he manages Sunset Cove’s Peruvian subsidiary in the evaluation and negotiation for silver, gold and base metal properties. Mr. Blais has more than fifteen years of hands-on practical South American mining experience, with more than twelve of those in Peru. His strengths lie in a deep understanding of capital markets, investor relations, mineral production management and the evaluation of mining projects.

Jacques Arsenault – Chief Financial Officer
Jacques Arsenault CGA, MBA, is a dynamic business executive and consultant with over twenty years of experience specializing in the development, restructuring, acquisition, merger and sale of companies and assets. He has also founded and runs his own successful business, Arsenault Business Staging Group. He has focused much of his career on business development and redevelopment, with a no-nonsense attitude towards the bottom line. Mr. Arsenault has worked in both the public and private sectors.

Jason Mychasiw – Director
Jason is a native of Thunder Bay, Ontario, and is Manager of Commercial Credit, Northwestern Ontario for the TD Bank Group. Jason also worked at GMP Securities L.P. as an analyst with the mining team in the investment banking group. Jason holds an H.BComm, from Lakehead University and successfully completed all three levels of the CFA designation, receiving his charter in 2009.

Arnaldo Leon Vega – Director
Arnaldo, P. Eng, has worked in the Peruvian mining industry for more than thirty-five years in roles from investment banking to production positions. He has held positions with: Cerro de Pasco Corp Centromin Peru; Simsa; the World Bank; the Inter-American Development Bank as well as Flemings investment bank (now JP Morgan Chase) in Lima.
In 1999 he founded Arnaldo Leon & Associates a consulting firm specializing in the promotion of mining investments throughout Latin America. He graduated from the Colorado School of Mines with a Master of Science in Mineral Economics and the National University of Engineering in Peru as a Mining Engineer.

Steve Roebuck – Director
Steve Roebuck, P. Geo, with over 16 years of mining and exploration experience. His times a production engineer and production geologist at BHP Billiton’s EKATI Diamond Mine, provided him with true hands on experience in the design and implementation of exploration and delineation drill programs. Recently, Steve held positions at resource and mining companies such as VP, Development at Scorpio Gold Corporation and VP, Exploration at Forest Gate Resources.